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FEATURED
Mining Index Zimbabwe
- March 23, 2022
459 views 4 mins

Volkswagen unveils Asian ventures to secure nickel, cobalt

Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the world’s No. 1 car market, and to slash costs at a time of surging raw material prices. The move is part of a 30 billion euro ($33 billion) push by the world’s […]

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229 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
229 views 4 secs

Zambia’s 2021 copper production falls by 4.5% – statistics agency

Copper production in Zambia dropped to 800 696 t last year from 837 996 t the year before, data obtained from the nation’s statistics agency showed on Tuesday. Zambia’s cobalt production also dropped to 247 t last year from 316 t a year earlier, according to the Zambia Statistics Agency. The Zambia Chamber of Mines […]

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223 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
223 views 2 mins

Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own diamonds. Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market, according to Zimbabwe Consolidated Diamond […]

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294 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
294 views 12 secs

Alrosa to shut US office

Alrosa plans to close its New York operations as tensions between the US and Russia escalate. Rebecca Foerster, president of Alrosa USA, has left the company, the miner said Monday. The developments follow White House sanctions on Alrosa and other Russian entities amid the country’s continued war in Ukraine. The US has also banned the […]

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341 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
341 views 2 mins

First Quantum to power Zambia copper mines with wind, solar

First Quantum Minerals plans to power its copper mines in Zambia through a $500-million solar and wind energy installation funded by a TotalEnergies-backed company and Chariot. Electricity shortages have, in the past decade, hurt mining operations in the southern African nation that relies almost completely on hydropower. The project is also a shift for Vancouver-based […]

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179 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
179 views 3 mins

High noon for oil hunters

INVICTUS Energy, the firm that is exploring potentially lucrative oil fields in Zimbabwe’s Muzarabani district, says it has inked a deal with Poland-based Exalo Drilling SA to sink the first of its two test wells for the project. Exalo is a world leader in gas and oil well drilling. It is a crucial phase of […]

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392 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
392 views 7 mins

Zim dangles minerals to US in sanctions fight

THE Zimbabwe government is dangling rare earth elements (REE) to the United States (US) in a desperate move to influence the lifting of sanctions, as the country’s economy goes on a tailspin, documents show. On September 1, 2019, the government of Zimbabwe hired British consultancy firm Mercury International UK Limited, now Actum International UK Limited, […]

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233 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
233 views 3 mins

Blanket lifts revenue 21% after shaft launch

GROSS revenue at Caledonia Mining Corporation rose by 21% to US$121 million during the year ended December 31, 2021 after it reported its biggest gold output. Caledonia operates Gwanda-based gold producer Blanket Mine, which has been on an aggressive expansion drive over the past five years. According to its operating and financial results for the […]

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199 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
199 views 2 mins

De Beers unveils $420M diamond-mining ship

De Beers has revealed the newest member of its underwater mining fleet: a $420 million ship that is set to add 500,000 carats of high-value diamonds to its annual production from Debmarine Namibia. The custom-built vessel, called the Benguela Gem, will begin diamond-recovery operations this week, De Beers said Friday. Paid for by De Beers […]

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391 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
391 views 4 mins

Australia uses coal/alumina to aid the Ukraine

Australia over the weekend took the decision to ban alumina and aluminium ore exports, including bauxite, into Russia, as part of sanctions against the nation following its invasion of the Ukraine. Trade Minister Dan Tehan said the ban on Australian aluminium ores and alumina would limit Russia’s capaclty to produce aluminium, which is a critical […]

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